Networking Firm Cyan Taps Goldman, JPM for IPO

Cyan Inc., a maker of networking software and hardware, has tapped Goldman Sachs Group Inc. and J.P. Morgan Chase & Co. to lead a possible initial public offering next year, according to people familiar with move.

The Petaluma, Calif.-based company may file registration papers with regulators early next year, the people said, adding that timing could shift due to business and market conditions.

A spokesman declined to comment on any IPO plans. Spokeswomen for Goldman and J.P. Morgan also declined to comment.

Cyan would be the latest in a series of networking and business software firms to go public, including some that specialize in serving software over the Internet in a practice known as “cloud” computing.

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